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THE WHITE HOUSE

                     Office of the Press Secretary
                        (Little Rock, Arkansas)
________________________________________________________________________
For Immediate Release                                     August 6, 1999

PRESIDENT CLINTON NAMES GEORGE FARR AS MEMBER OF THE INTERNAL REVENUE

SERVICE OVERSIGHT BOARD

The President today announced the nomination of George Farr as a member of the Internal Revenue Service Oversight Board.

Mr. George L. Farr of Greenwhich, Connecticut, recently retired as Vice Chairman of American Express, where he was responsible for overall management of the organization, including strategic and operating decisions. Prior to joining American Express, Mr. Farr served as a Senior Partner at McKinsey and Co. in New York from 1968-95, where he advised clients on strategic and operational issues. He will serve as a member with expertise in organizational development, needs of small business, and managing a large service organization.

Mr. Farr received his BA and MBA from the University of Michigan.

The Internal Revenue Service Restructuring and Reform Act of 1998 creates an IRS Oversight Board. The Board is responsible for overseeing the IRS in its administration, management, conduct, direction, and supervision of the execution and application of the internal revenue laws or related statutes and tax treaties.

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